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Type:
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Contract
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Status:
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Passed
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On agenda:
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3/21/2024
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Final action:
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3/28/2024
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Title:
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CONSIDER:
A. AUTHORIZING the Chief Executive Officer to award a firm fixed price Contract No. PS109347-2000 to Pacific Coast Regional Small Business Development Corporation (PCR) to serve as the fund administrator for Metro's Business Interruption Fund (BIF) in the amount of $5,168,773 for the three-year base term, with two, one-year options in the amounts of $1,699,722 and $1,761,758 respectively, for a total amount of $8,630,253, subject to the resolution of any properly submitted protest(s), if any; and
B. RECEIVING AND FILING the status update on Motion 17 which directed Metro staff to provide a program update that considers, but is not limited to, resources necessary to maintain a permanent Business Interruption Fund and culturally competent outreach and inclusive technical assistance to adequately support affected businesses.
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Indexes:
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Alignment, Board approved a Motion, Budget, Budgeting, Business Interruption Fund, Business Solution Center, Construction, Contract administration, Contractors, Contracts, Crenshaw/LAX Transit Corridor Project, East San Fernando Valley Light Rail Project, Fernando Dutra, Grant Aid, Hilda Solis, Jacquelyn Dupont-Walker, Kathryn Barger, Light rail transit, Lindsey Horvath, Little Tokyo, Los Angeles International Airport, Measure M, Measure R, Memorandum Of Understanding, Metro Rail A Line, Metro Rail C Line, Metro Rail D Line, Metro Rail E Line, Metro Rail K Line, Metro Vision 2028 Plan, Mitigation, Motion / Motion Response, Outreach, Partnerships, Paul Krekorian, Plan, Procurement, Professional Services, Program, Program Management, Project, Rail transit, Regional Connector Transit Corridor Project, Regional development, Research, Small Business Administration, Strategic planning, Translations, Twenty-eight by '28 Initiative, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 3, Westside/Central Service Sector
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Meeting_Body PLANNING AND PROGRAMMING COMMITTEE MARCH 20, 2024 CONSTRUCTION COMMITTEE MARCH 21, 2024 Subject SUBJECT: METRO BUSINESS INTERRUPTION FUND (BIF) Action ACTION: APPROVE RECOMMENDATION Heading RECOMMENDATION Title CONSIDER: A. AUTHORIZING the Chief Executive Officer to award a firm fixed price Contract No. PS109347-2000 to Pacific Coast Regional Small Business Development Corporation (PCR) to serve as the fund administrator for Metro's Business Interruption Fund (BIF) in the amount of $5,168,773 for the three-year base term, with two, one-year options in the amounts of $1,699,722 and $1,761,758 respectively, for a total amount of $8,630,253, subject to the resolution of any properly submitted protest(s), if any; and B. RECEIVING AND FILING the status update on Motion 17 which directed Metro staff to provide a program update that considers, but is not limited to, resources necessary to maintain a permanent Business Interruption Fund and culturally competent outreach and inclusive technical assistance to adequately support affected businesses. Issue ISSUE As Metro continues to build the future of transportation in LA County, the Business Interruption Fund (BIF) continues to be an important and successful program for the adjacent impacted businesses. The BIF Fund Administrator serves a pivotal role in the delivery of Metro's Business Interruption Fund. The current contract for the BIF Fund Administrator expires April 30, 2024. The authorization of this professional services contract supports the ongoing administration of the BIF. The recommendation also provides a status update as directed by Motion 17, by Directors Horvath, Dupont-Walker, Solis, Barger, Krekorian, and Dutra that directed the Chief Executive Officer (CEO) to establish a permanent Business Interruption Fund and provide a program update that considers but is not limited to, the following: A. Resources necessary to maintain a permanent Business Interruption Fund; and B.... Click here for full text
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